Home / Knowledge / News / Fashion / LVMH invests in menswear brand Herringbone & Sui
LVMH invests in menswear brand Herringbone & Sui
24
Jun '16
Courtesy: LVMH
Courtesy: LVMH
French multinational luxury goods conglomerateLVMH Moet Hennessy has invested $600,000 in Mumbai-based menswear brand Herringbone & Sui. The investment was led by Ravi Thakran, managing partner and chairman of L Capital Asia and Payal Jauhar, associate group representative director for LVMH India and West Asia, The Economic Times has reported.

The company which was founded in 2014 by Kabir Mehra and Samarth Hegde, makes made-to-measure menswear at reasonable prices.

"We are a highly tech-enabled business, touching everything from our shopping platform, which now includes an in-store styling app, to our production systems. We manufacture and ship all our orders out of our own factory, so having the right systems to manage that is critical. We also rely heavily on data to ensure we are able to fully benefit from our compressed product lifecycle," said Samarth Hegde, co-founder of the company.

The brand will use the additional capital to launch its own stores for an omni-channel play. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search